The doors have been closed for good at Lincoln’s Handmade Burger Co after owners The Burger Chain Limited collapsed into administration for the second time.
The firm confirmed that all sites across the UK have now been closed.
A notice appeared on doors at the venue on Brayford Wharf on Thursday (January 23).
Leonard Curtis Recovery has been appointed administrator to the business following a recent failed sales process.
It is the second time the brand has fallen into administration in the past three years.
A spokesman for Leonard Curtis siad: “Unfortunately, despite considerable efforts to secure a sale of the company’s business, this hasn’t been possible and all 18 restaurants have today closed with the loss of 283 jobs.”
Joint administrator David Griffiths said: “The casual dining market in the UK has experienced significant challenges over the past four years, largely as a result of overcapacity in the sector, which has resulted in a significant number of insolvencies. Sales at Handmade Burger restaurants have almost halved during this period, which has proved unsustainable. It’s disappointing circumstances have meant a sale of the business hasn’t been possible in this case but our focus now should be on those employees affected by this difficult news. We will work hard to provide them with all the necessary assistance to claim for monies that remain due to them.”
The Handmade Burger Co business has annual turnover of circa £11m, with current rent payable in the order of £1.731m per annum.
The firm’s properties are held as leasehold and involve 13 separate landlords. Offers are being sought for all or parts of the business.